Motor-Bank, Vinnytsia Aviation Plant and other assets of Boguslaev became state-owned
1 August 2024 00:33
The confiscated assets of Vyacheslav Boguslaev, former president of Motor Sich, and Petro Kononenko, CEO of the Russian company Borysfen and former director of the Moscow office of Motor Sich, have been transferred to the State Property Fund. This was reported by "Komersant Ukrainian" with reference to the SPFU press service.
Boguslaev’s shares or 100% of the companies are among those recovered for state revenue: Zolota Aistra LLC, Motor-Garant Insurance Company, Vinnytsia Aviation Plant LLC, SME Helicopters, Motor-Bank JSC, and Azov Trade-XXI PrJSC. All real estate and land plots are located in Zaporizhzhia or the region.
The shares of the companies owned by Kononenko are Zhekon LLC, Perspektiva-Vysoki Tekhnologii LLC and Promzapal PrJSC.
In addition, Vyacheslav Boguslaev’s funds were recovered for the state. This is money placed on accounts with JSC Motor-Bank in the amount of over UAH 554 million and JSC FUIB in the amount of UAH 79.5 million.
“More than UAH 600 million in the hryvnia equivalent is being transferred by the SPFU to the Fund for Liquidation of the Consequences of Armed Aggression. UAH 287.3 million has already been transferred. The Fund continues to work with nationalised assets. The property of the occupiers, collaborators and enemies of Ukraine should be used for the benefit of the country!” said Vitaliy Koval, Head of the SPFU.
It should be noted that the High Anti-Corruption Court imposed sanctions against Viacheslav Oleksandrovych Bohuslaev and Petro Ivanovych Kononenko under paragraph 1-1 of part one of Article 4 of the Law of Ukraine “On Sanctions”. They were served with a notice of suspicion of collaboration and aiding the aggressor state.
What is the former Motor Sich CEO Vyacheslav Boguslaev suspected of?
The Security Service of Ukraine detained Bohuslaev in October 2022 together with the head of the company’s foreign economic activity department.
He is facing charges of assisting the aggressor country, collaboration, support for terrorist organisations and, according to recent reports, resistance to the Armed Forces of Ukraine. The arrest of Boguslaev is related to suspicion of cooperation with Russia and illegal export of Ukrainian engines for Russian military helicopters through intermediaries in third countries.
It was revealed that he has held Russian citizenship since 2000 and owns real estate in Moscow.
In October 2023, the court case of former Motor Sich CEO Vyacheslav Boguslaev was brought to court, and his assets worth UAH 12 billion were seized.
